Tuesday, August 10, 2010

GBP-USD Correction - 10 August 2010

At last the long awaited correction for GBP-USD has taken place silently yesterday after the US market open. The continuation of this correction should be progressing today and the ideal target is at the 1.5682 level in the middle line of the Bollinger band indicator. Depending on the market situation, if there is further correction then 1.5525 level is the target limit.


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